We tried the multi-lingual LimeFx team by calling them in various languages. LimeFx made an effort to make sure all of our questions were answered. We have tested the livechat experience with LimeFx, and it was very effective. We have sent messages to LimeFx livechat through their app and website and got a reply within 20 seconds. Understand the trading resources available with LimeFx, Startrader & freetrade below.

After being founded in 2010, their consumer base has become as large as 10,000+ clients. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive.

Through exceeding client’s expectations and setting the bar so high, the broker has been rewarded with numerous awards for their innovative and advanced trading platforms. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. LimeFx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips.

However, ensure that you know how to make the most of your cash before investing larger sums. As per the company’s privacy regulations, customer data is never to be shared with some other institutions or individuals. You can make use of a choice for 2 Factor Authentications (2FA) with LimeFx for heightened security. An SMS for the verification code will be sent to your mobile phone.

This LimeFx review page contains information about investing with LimeFx. It is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell securities or stocks.

However, due to regulations LimeFx does not accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. You can use debit or credit cards Which range from Visa, Diners, and limefx website Maestro to MasterCard and Visa Electron. The currencies LimeFx accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD. If you are confident of your knowledge and understanding, you can open an account with LimeFx.

Review Methodology

You simply need to complete a single-user profile survey to start depositing money into your trading account. You’ll need to provide an identity evidence and evidence of residency to deposit substantial amounts. But this doesn’t necessarily mean that online brokers don’t charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of penalties for this objective.

  • If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts.
  • LimeFx has an extremely reputable and full-featured trading site that is focused on currency, indices, metals, stocks and commodities.
  • They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which allow this.
  • Clients can now trade cryptocurrencies directly on the Metatrader platform.

You should check all of the advantages listed so that you have a better comprehension of LimeFx. Over the past 13 years, LimeFx has become one of the top online brokers available to the public. We recognize that well-informed decisions with LimeFx are the cornerstone of successful trading. So, settle in, grab a cup of coffee, and immerse yourself in learning about LimeFx and how it can benefit you, or if LimeFx might not be the right fit for you. This LimeFx review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about LimeFx to give you the most comprehensive guide available.

Does LimeFx accept Skrill?

LimeFx also includes excellent trading conditions which are available to all and not only an elite class of institutional customers. The tight spreads and fast executions are a fantastic advantage for all traders. The technology adopted by LimeFx is among the maximum caliber, making sure that it’s fast, dependable, and effective. If you are new to trading online, then you will be pleased to find a demo account option. This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment.

Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades.

Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

When was LimeFx founded?

Our team has strived to simplify the intricate world of trading with LimeFx into easily understandable information in this LimeFx review. Our goal is to equip you with the knowledge necessary to confidently use LimeFx trading tools, ranging from depositing and withdrawing funds to executing trades. It’s essential to be prudent and rigorous in your LimeFx broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of LimeFx, its track record, and reputation is vital. Moreover, ensure the LimeFx broker’s offerings, trading tools, fees, and regulation align with your preferences.

Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a https://limefx.vip/ hedging tool, not a social trading interface. Client funds are segregated from company funds, reducing the potential for misuse.

Commission And Fees Explained

It’s an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise. The reason that LimeFx asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, LimeFx must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

LimeFx Con’s

Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. LimeFx MetaTrader is a program that enables you to trade currencies, commodities, CFD indices and stocks.

Is LimeFx regulated?

While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Over 10,000+ users registered with them can affirm to their trustworthy nature. The highlight of the platform is its quick order execution on transactions. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). LimeFx is an acclaimed fintech company, which operates with transparency.

The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.